I had the exact same experience - keep an eye on it, it drips down on the live feed to the starter!
You'll need to replace both those sections of hose, which will require removing the upper intake manifold to get to.
AND, you can presume that since that hose is more than likely dry-rotted enough to have sprung a leak, you should seriously consider replacing all the rest of the fuel line as well. The part that leads from the tank to the filter is a particular PITA - I ended up having to drop the tank to get to it.
If I were you, and this is what I did, I would replace all of the rubber lines under there while you are at it. If you lived in a warmer clime, this would be a good opportunity to delete the throttle body plate heater, but I would consider this a tad bit risky if it gets cold there, as icing could be an issue. There are heater hoses under there, a plastic heater tube, good time to have your injectors rebuilt, vacuum line to the FPR... lots of stuff under there!